United Arab Emirates Domestic Credit Growth

1976 - 2024 | Monthly | % | CEIC Data

Key information about United Arab Emirates Domestic Credit Growth

  • United Arab Emirates Domestic Credit increased 3.7 % YoY in Jan 2024, compared with an increase of 4.9 % YoY in the previous month
  • United Arab Emirates Domestic Credit Growth YoY data is updated monthly
  • It averaged 9.1 %, available from Jan 1976 to Jan 2024
  • The data reached an all-time high of 1,932.7 % in Aug 1977 and a record low of -908.7 % in Jan 1976

CEIC calculates Domestic Credit Growth from monthly Domestic Credit. The International Monetary Fund provides Domestic Credit in local currency. Domestic Credit prior to December 2002 is based on an older methodology.


Further information about United Arab Emirates Domestic Credit Growth

  • In the latest reports, United Arab Emirates Domestic Credit reached 408.2 USD bn in Jan 2024
  • Money Supply M2 in United Arab Emirates increased to 551.0 USD bn YoY in Dec 2023
  • United Arab Emirates Foreign Exchange Reserves was measured at 184.4 USD bn in Jan 2024
  • The Foreign Exchange Reserves equaled 4.9 Months of Import in Sep 2023
  • The country's Non Performing Loans Ratio stood at 5.3 % in Dec 2023, compared with the ratio of 5.9 % in the previous quarter
  • Household Debt of United Arab Emirates reached 106.2 % in Dec 2021, accounting for 106.2 % of the country's Nominal GDP

View United Arab Emirates's Domestic Credit Growth from Jan 1976 to Jan 2024 in the chart:

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United Arab Emirates Domestic Credit Growth
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United Arab Emirates Domestic Credit Growth

What was United Arab Emirates's Domestic Credit Growth in Jan 2024?

United Arab Emirates Domestic Credit increased 3.7 % YoY in Jan 2024, compared with an increase of 4.9 % YoY in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
3.7 Jan 2024 4.9 Dec 2023 -908.7 Jan 1976 1,932.7 Aug 1977 % monthly Jan 1976 - Jan 2024

Domestic Credit Growth by Country Comparison

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country/region Last Frequency Range
Albania (%) 2.3 Feb 2024 monthly Dec 2003 - Feb 2024
Algeria (%) 5.9 Jan 2024 monthly Dec 2002 - Jan 2024
Argentina (%) 342.6 Jan 2024 monthly Jan 1991 - Jan 2024
Armenia (%) 16.7 Jan 2024 monthly Dec 1994 - Jan 2024
Australia (%) -2.2 Jan 2024 monthly Dec 2002 - Jan 2024
Austria (%) -1.2 Jan 2024 monthly Jan 2000 - Jan 2024
Azerbaijan (%) 2.5 Jan 2024 monthly Dec 2002 - Jan 2024
Bahrain (%) 4.8 Jan 2024 monthly Sep 1992 - Jan 2024
Bangladesh (%) 11.9 Jan 2024 monthly Jul 1988 - Jan 2024
Belarus (%) 17.3 Feb 2024 monthly Dec 2007 - Feb 2024
Belgium (%) 0.8 Jan 2024 monthly Jan 2000 - Jan 2024
Bolivia (%) 6.3 Oct 2023 monthly Dec 2002 - Oct 2023
Bosnia and Herzegovina (%) 10.1 Feb 2024 monthly Aug 1998 - Feb 2024
Botswana (%) 8.6 Sep 2023 quarterly Dec 2005 - Sep 2023
Brazil (%) 14.6 Feb 2024 monthly Dec 2002 - Feb 2024
Brunei (%) 34.6 Nov 2023 monthly Jan 2000 - Nov 2023
Bulgaria (%) 18.1 Jan 2024 monthly Dec 1994 - Jan 2024
Cambodia (%) 4.9 Feb 2024 monthly Dec 1995 - Feb 2024
Canada (%) 2.5 Jan 2024 monthly Jan 1970 - Jan 2024
Chile (%) 4.4 Jan 2024 monthly Dec 1979 - Jan 2024
China (%) 10.4 Jan 2024 monthly Jun 2000 - Jan 2024
Colombia (%) 5.4 Jan 2024 monthly Jan 1994 - Jan 2024
Croatia (%) 5.9 Dec 2022 monthly Jun 1995 - Dec 2022
Cyprus (%) -6.1 Jan 2024 monthly Nov 2006 - Jan 2024
Czech Republic (%) 10.9 Feb 2024 monthly Jan 2003 - Feb 2024
Denmark (%) -3.6 Jan 2024 monthly Dec 2002 - Jan 2024
Ecuador (%) 9.4 Feb 2024 monthly Jan 2007 - Feb 2024
Egypt (%) 26.3 Feb 2024 monthly Jan 1997 - Feb 2024
Estonia (%) 8.9 Jan 2024 monthly Jun 1993 - Jan 2024
European Union (%) -0.9 Jan 2024 monthly Sep 1998 - Jan 2024
Finland (%) -3.8 Jan 2024 monthly Jan 2000 - Jan 2024
France (%) 1.6 Jan 2024 monthly Jan 2000 - Jan 2024
Georgia (%) 16.9 Feb 2024 monthly Oct 1996 - Feb 2024
Germany (%) -1.3 Jan 2024 monthly Jan 2000 - Jan 2024
Ghana (%) -0.4 Dec 2023 monthly Jan 1968 - Dec 2023
Greece (%) 2.6 Jan 2024 monthly Jan 2002 - Jan 2024
Hong Kong SAR, China (%) -0.3 Nov 2023 monthly Dec 1991 - Nov 2023
Hungary (%) -2.1 Jan 2024 monthly Jan 1999 - Jan 2024
Iceland (%) 3.6 Feb 2024 monthly Sep 1994 - Feb 2024
India (%) 12.0 Jan 2024 monthly Mar 2000 - Jan 2024
Indonesia (%) 8.4 Feb 2024 monthly Jan 2005 - Feb 2024
Iran (%) 25.8 Feb 2017 monthly Jan 1965 - Feb 2017
Ireland (%) -1.8 Jan 2024 monthly Jan 2000 - Jan 2024
Israel (%) 5.4 Jan 2024 monthly Dec 2000 - Jan 2024
Italy (%) -4.3 Jan 2024 monthly Jan 2000 - Jan 2024
Ivory Coast (%) 12.5 Dec 2023 monthly Jan 1965 - Dec 2023
Japan (%) 3.3 Jan 2024 monthly Apr 2004 - Jan 2024
Jordan (%) 4.8 Nov 2023 monthly Jan 2003 - Nov 2023
Kazakhstan (%) 23.1 Feb 2024 monthly Dec 2002 - Feb 2024
Kenya (%) 13.5 Oct 2023 monthly Dec 1996 - Oct 2023
South Korea (%) 5.9 Jan 2024 monthly Dec 2002 - Jan 2024
Kosovo (%) 12.9 Feb 2024 monthly Nov 2008 - Feb 2024
Kuwait (%) 0.2 Jan 2024 monthly Jan 1995 - Jan 2024
Kyrgyzstan (%) 26.2 Jan 2024 monthly Dec 2003 - Jan 2024
Laos (%) 23.4 Dec 2023 quarterly Dec 1992 - Dec 2023
Latvia (%) 6.6 Jan 2024 monthly Jul 2004 - Jan 2024
Lebanon (%) 2.2 Jan 2018 monthly Mar 1966 - Jan 2018
Lithuania (%) 0.3 Jan 2024 monthly Dec 1994 - Jan 2024
Luxembourg (%) -7.2 Jan 2024 monthly Jan 2000 - Jan 2024
Macau SAR, China (%) 0.1 Jan 2024 monthly Jun 1985 - Jan 2024
North Macedonia (%) 5.7 Feb 2024 monthly Jan 2004 - Feb 2024
Malawi (%) 32.4 Jan 2024 monthly Jan 1976 - Jan 2024
Malaysia (%) 6.8 Feb 2024 monthly Jan 1988 - Feb 2024
Malta (%) 5.9 Feb 2024 monthly Jan 2009 - Feb 2024
Mauritius (%) 9.3 Feb 2024 monthly Jun 2006 - Feb 2024
Mexico (%) 8.2 Jan 2024 monthly Dec 2002 - Jan 2024
Moldova (%) 8.1 Feb 2024 monthly Jan 2001 - Feb 2024
Mongolia (%) 12.1 Feb 2024 monthly Dec 1993 - Feb 2024
Montenegro (%) 7.7 Feb 2024 monthly Jan 2006 - Feb 2024
Morocco (%) 3.5 Feb 2024 monthly Dec 2002 - Feb 2024
Mozambique (%) 5.0 Jan 2024 monthly Dec 2002 - Jan 2024
Myanmar (%) 16.4 Jan 2021 monthly Dec 2002 - Jan 2021
Nepal (%) 8.4 Mar 2024 monthly Jan 2002 - Mar 2024
Netherlands (%) -3.2 Jan 2024 monthly Dec 2002 - Jan 2024
New Zealand (%) 0.8 Feb 2024 monthly Mar 1989 - Feb 2024
Nigeria (%) 63.6 Feb 2024 monthly Nov 1993 - Feb 2024
Norway (%) 3.5 Feb 2024 monthly Dec 1986 - Feb 2024
Oman (%) 2.9 Jan 2024 monthly Dec 2000 - Jan 2024
Pakistan (%) 20.4 Feb 2024 monthly Jun 2009 - Feb 2024
Palestinian Territory (%) 8.3 Feb 2024 monthly Dec 1999 - Feb 2024
Panama (%) 4.0 Jan 2024 monthly Dec 2002 - Jan 2024
Paraguay (%) 8.4 Feb 2024 monthly Dec 2002 - Feb 2024
Peru (%) 8.4 Nov 2023 monthly Jan 1993 - Nov 2023
Philippines (%) 9.8 Jan 2024 monthly Dec 2002 - Jan 2024
Poland (%) 3.1 Feb 2024 monthly Dec 1997 - Feb 2024
Portugal (%) 0.3 Aug 2019 monthly Dec 2001 - Aug 2019
Qatar (%) 3.7 Feb 2024 monthly Jan 2008 - Feb 2024
Romania (%) 8.3 Jan 2024 monthly Dec 2005 - Jan 2024
Russia (%) 24.6 Feb 2024 monthly Dec 2001 - Feb 2024
Saudi Arabia (%) 21.6 Dec 2017 quarterly Mar 1969 - Dec 2017
Serbia (%) -3.0 Feb 2024 monthly Dec 2004 - Feb 2024
Singapore (%) -1.1 Feb 2024 monthly Mar 2005 - Feb 2024
Slovakia (%) 2.3 Jan 2024 monthly Jan 2007 - Jan 2024
Slovenia (%) -2.2 Jan 2024 monthly Jan 2005 - Jan 2024
South Africa (%) 6.3 Feb 2024 monthly Mar 1966 - Feb 2024
Spain (%) -4.2 Jan 2024 monthly Jan 2000 - Jan 2024
Sri Lanka (%) -97.5 Dec 2023 monthly Jan 1997 - Dec 2023
Sudan (%) 82.5 Dec 2022 quarterly Mar 2003 - Dec 2022
Sweden (%) -4.5 Jan 2024 monthly Dec 2002 - Jan 2024
Switzerland (%) 1.7 Feb 2024 monthly Dec 1988 - Feb 2024

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United Arab Emirates Key Series

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Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -0.2 2020 yearly 1991 - 2020
Consolidated Fiscal Balance (USD mn) -827.229 2020 yearly 1991 - 2020
Tax Revenue (USD mn) 3,271.801 2020 yearly 1992 - 2020
Tax Revenue: % of GDP (%) 17.7 Jun 2023 quarterly Mar 2012 - Jun 2023
Forecast: Government Expenditure (AED bn) 635.944 2028 yearly 1991 - 2028
Forecast: Government Net Debt (AED bn) 645.441 2028 yearly 1999 - 2028
Forecast: Government Revenue (AED bn) 709.874 2028 yearly 1990 - 2028
Consolidated Government: Expenditures: Current (AED mn) 323,916.055 2020 yearly 1991 - 2020
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.695 2028 yearly 1980 - 2028
Trade Balance (USD mn) -22,293.7 Sep 2023 monthly Jan 2009 - Sep 2023
Total Exports (USD mn) 32,530.7 Dec 2023 monthly Jan 1981 - Dec 2023
Total Exports Growth (%) 3.7 Dec 2023 monthly Jan 1982 - Dec 2023
Aluminum: Exports (USD th) 13,791,426.105 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 1,452,211.083 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 541,703.252 2022 yearly 1995 - 2022
Total Imports (USD mn) 31,463.9 Sep 2023 monthly Jan 2009 - Sep 2023
Total Imports Growth (%) 3.3 Sep 2023 monthly Jan 2010 - Sep 2023
Imports: Medicament (USD th) 3,706,000.420 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 2,120,012.879 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 429.292 Dec 2023 monthly Jan 1981 - Dec 2023
Total Imports from USA (USD mn) 2,439.658 Dec 2023 monthly Jan 1981 - Dec 2023
Total Exports to China (USD mn) 10,104.189 2022 yearly 2000 - 2022
Total Imports from China (USD mn) 67,215.285 2022 yearly 1970 - 2022
Exports: Non Oil: Volume (kg mn) 7,779.36 Dec 2017 monthly Jan 2009 - Dec 2017
Exports: Non Oil: General System: Value (AED mn) 33,677.573 Sep 2023 monthly Jan 2017 - Sep 2023
Re-Exports: General System: Volume (Ton) 2,284,046.747 Sep 2023 monthly Jan 2017 - Sep 2023
Re-Exports: General System: Value (AED mn) 51,434.927 Sep 2023 monthly Jan 2017 - Sep 2023
Exports: Non Oil: General System: Volume (Ton) 9,889,560.958 Sep 2023 monthly Jan 2017 - Sep 2023
Imports: General System: Value (AED mn) 115,551.268 Sep 2023 monthly Jan 2017 - Sep 2023
Imports: General System: Volume (Ton) 9,322,756.970 Sep 2023 monthly Jan 2017 - Sep 2023
Exports: ytd: HS: Non-Oil: GS: Value: Pearls, Stones, Precious Metals and its Ar... (AED mn) 134,329.173 Sep 2023 quarterly Mar 2017 - Sep 2023
Exports: ytd: HS: Non-Oil: GS: Value: Base Metals and Articles of Base Metal (AED mn) 53,030.295 Sep 2023 quarterly Mar 2017 - Sep 2023
Exports: ytd: HS: Non-Oil: GS: Value: Foodstuff, Beverages, Spirits and Tobacco (AED mn) 23,309.507 Sep 2023 quarterly Mar 2017 - Sep 2023
Exports: ytd: HS: Non-Oil: GS: Value: Plastic, Rubber and Articles (AED mn) 15,723.058 Sep 2023 quarterly Mar 2017 - Sep 2023
Exports: ytd: HS: Non-Oil: GS: Value: Mineral Products (AED mn) 22,730.516 Sep 2023 quarterly Mar 2017 - Sep 2023
Exports: Non Oil: GS: ytd: Non-Arab Asian Countries: ow Singapore (AED mn) 4,745.142 Sep 2023 quarterly Mar 2017 - Sep 2023
Exports: Non Oil: GS: ytd: European Countries: ow Switzerland (AED mn) 23,985.802 Sep 2023 quarterly Mar 2017 - Sep 2023
Exports: Non Oil: GS: ytd: Gulf Cooperation Council Countries: ow Saudi Arabia (AED mn) 27,069.706 Sep 2023 quarterly Mar 2017 - Sep 2023
Exports: Non Oil: GS: ytd: Non-Arab Asian Countries: ow Iran (Islamic Republic O... (AED mn) 1,361.750 Sep 2023 quarterly Mar 2017 - Sep 2023
Exports: Non Oil: GS: ytd: Non-Arab Asian Countries: ow India (AED mn) 27,248.900 Sep 2023 quarterly Mar 2017 - Sep 2023
Imports: ytd: HS: GS: Value: Pearls, Stones, Precious Metals and its Articles (AED mn) 293,593.063 Sep 2023 quarterly Mar 2017 - Sep 2023
Imports: ytd: HS: GS: Value: Base Metals and Articles of Base Metal (AED mn) 55,277.182 Sep 2023 quarterly Mar 2017 - Sep 2023
Imports: ytd: HS: GS: Value: Vegetable Products (AED mn) 22,437.820 Sep 2023 quarterly Mar 2017 - Sep 2023
Imports: ytd: HS: GS: Value: Mineral Products (AED mn) 65,336.314 Sep 2023 quarterly Mar 2017 - Sep 2023
Imports: ytd: HS: GS: Value: Chemical Products or Allied Industries (AED mn) 60,033.103 Sep 2023 quarterly Mar 2017 - Sep 2023
Imports: GS: ytd: Non-Arab Asian Countries: ow China (AED mn) 192,951.527 Sep 2023 quarterly Mar 2017 - Sep 2023
Imports: GS: ytd: Non-Arab Asian Countries: ow India (AED mn) 77,728.741 Sep 2023 quarterly Mar 2017 - Sep 2023
Imports: GS: ytd: Non-Arab Asian Countries: ow Japan (AED mn) 36,717.571 Sep 2023 quarterly Mar 2017 - Sep 2023
Imports: GS: ytd: European Countries: ow Germany (AED mn) 30,092.868 Sep 2023 quarterly Mar 2017 - Sep 2023
Imports: GS: ytd: American Countries: ow United States Of America (AED mn) 71,165.057 Sep 2023 quarterly Mar 2017 - Sep 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 22,545.9 2021 yearly 1980 - 2021
Current Account Balance (USD mn) 47,978.2 2021 yearly 1996 - 2021
Current Account Balance: % of GDP (%) 11.6 2021 yearly 1996 - 2021
Foreign Direct Investment (USD mn) 20,667.1 2021 yearly 1970 - 2021
Foreign Direct Investment: % of GDP (%) 5.0 2021 yearly 1972 - 2021
Foreign Portfolio Investment (USD mn) 1,225.323 2021 yearly 2002 - 2021
Forecast: Current Account Balance (USD bn) 42.598 2028 yearly 1980 - 2028
BoP: Current Account: Investment Income: Net (AED bn) -2.700 2021 yearly 2001 - 2021
BoP: Current Account: Transfers: Net (AED bn) -205.800 2021 yearly 1996 - 2021
BoP: Current Account: Trade Balance: FOB (AED bn) 290.300 2021 yearly 1996 - 2021
BoP: CF: Financial Account: Enterprises: Private Sector: Portfolio Investment (AED bn) 4.500 2021 yearly 2002 - 2021
BoP: CF: Financial Account (AED bn) -96.800 2021 yearly 2002 - 2021
BoP: Current Account: Imports: CIF (AED bn) -996.800 2021 yearly 1996 - 2021
BoP: CF: Financial Account: Enterprises: Private Sector: Direct Investment: Outw... (AED bn) -82.800 2021 yearly 2002 - 2021
BoP: Net Errors and Omissions (AED bn) 5.300 2021 yearly 1996 - 2021
BoP: Change in Reserves (AED bn) -85.000 2021 yearly 1996 - 2021
BoP: Current Account: Exports and Re-Exports (AED bn) 1,187.400 2021 yearly 1996 - 2021
BoP: Current Account (AED bn) 176.200 2021 yearly 1996 - 2021
BoP: CF: Financial Account: Enterprises: Private Sector: Direct Investment: Inwa... (AED bn) 75.900 2021 yearly 2002 - 2021
BoP: CF: Financial Account: Enterprises: Private Sector: Direct Investment (AED bn) -6.900 2021 yearly 2002 - 2021
BoP: Current Account: Services: Net (AED bn) 94.500 2021 yearly 1996 - 2021
BoP: Current Account: Trade Balance: CIF (AED bn) 176.200 2019 yearly 2001 - 2019
BoP: Capital and Financial Account (CF) (AED bn) -96.800 2021 yearly 1996 - 2021
BoP: Current Account: Services: Debit (AED bn) -265.500 2018 yearly 2001 - 2018
BoP: Current Account: Services: Credit (AED bn) 263.800 2018 yearly 2001 - 2018
BoP: Current Account: Imports: FOB (AED bn) -897.100 2021 yearly 2001 - 2021
Foreign Direct Investment: Mining and Quarrying (AED mn) 38,519.597 2016 yearly 2005 - 2016
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 5.3 Dec 2023 quarterly Mar 2009 - Dec 2023
Household Debt: % of GDP (%) 106.2 2021 yearly 2013 - 2021
Money Supply M1 (USD mn) 226,010.075 Jan 2024 monthly Jun 1991 - Jan 2024
Money Supply M2 (USD mn) 552,287.543 Jan 2024 monthly Jun 1991 - Jan 2024
M2 Growth (%) 17.9 Jan 2024 monthly Jun 1992 - Jan 2024
Reserve Requirement Ratio (%) 1.0 Mar 2024 monthly Jan 2000 - Mar 2024
Foreign Exchange Reserves (USD mn) 184,375.3 Jan 2024 monthly Jun 1973 - Jan 2024
Foreign Exchange Reserves: % of GDP (%) 30.792 Jun 2023 quarterly Dec 2012 - Jun 2023
Foreign Exchange Reserves: Months of Import (NA) 4.9 Sep 2023 monthly Jan 2009 - Sep 2023
Gold Reserves (USD mn) 4,879.782 Jan 2024 monthly Dec 1974 - Jan 2024
Total Deposits (USD mn) 691,595.643 Jan 2024 monthly Dec 2003 - Jan 2024
Total Deposits Growth (%) 13.7 Jan 2024 monthly Dec 2004 - Jan 2024
Domestic Credit (USD mn) 408,186.2 Jan 2024 monthly Jan 1975 - Jan 2024
Domestic Credit Growth (%) 3.7 Jan 2024 monthly Jan 1976 - Jan 2024
Household Debt (USD mn) 457,475.8 Apr 2023 monthly Dec 2013 - Apr 2023
Total Loans (USD mn) 473,164.602 Jan 2024 monthly Dec 2013 - Jan 2024
Total Loans Growth (%) 5.26 Jan 2024 monthly Dec 2014 - Jan 2024
Private Debt: % of Nominal GDP (%) 65.38 Jun 2023 quarterly Dec 2013 - Jun 2023
Money Supply: M0 (AED mn) 135,231.000 Jan 2024 monthly Dec 2000 - Jan 2024
Money Supply: M3: M2: M1 (AED mn) 830,022.000 Jan 2024 monthly Dec 2007 - Jan 2024
Money Supply: M3: M2 (AED mn) 2,028,276.000 Jan 2024 monthly Dec 2007 - Jan 2024
Money Supply: M3 (AED mn) 2,477,962.000 Jan 2024 monthly Dec 2007 - Jan 2024
Reserve Requirement Ratio: Current, Savings and Call Deposits (%) 11.000 Mar 2024 monthly Jan 2000 - Mar 2024
Banks Deposits (AED mn) 2,539,885.000 Jan 2024 monthly Dec 2003 - Jan 2024
Banks Credit: Gross: Residents (AED mn) 1,486,531.000 Jun 2018 monthly Dec 2013 - Jun 2018

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